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JO (Coffee ETF) Trading Above Falling Wedge Pattern

I was asked to post an update on the JO (Coffee ETF) Long Trade idea. Following the brief whipsaw/failed breakout, JO made one final? thrust down to put in another divergent low & is current trading above the pattern (bullish). Consider a stop on any move below 21.50 at this point, which will be the official stop for this trade.

click here to view the live (updated daily), chart of $COFFEE (spot coffee prices)

 

JO (coffe etf) daily June 4th

JO (coffe etf) daily June 4th

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Jun 4, 2015 10:56am|Categories: Completed Trades - Long, Gold & Commodities, Long-Term Trades- Completed|Tags: , |Comments Off on JO (Coffee ETF) Trading Above Falling Wedge Pattern